# What are foreign currency fees on my Bird Payments?

Two types of foreign currency fees can be charged on the relevant transactions, applicable to both card and local payment methods.

### What are the types of foreign currency fees? <a href="#h_01hc8vp7tpqysb6c215mjs21sn" id="h_01hc8vp7tpqysb6c215mjs21sn"></a>

These two fees are mutually exclusive, so you will only be charged for either:

1. a foreign currency settlement fee **or**
2. a foreign currency conversion fee

### **When are these fees incurred?** <a href="#h_01hc8vp7tpbpfxrc8pam0d7ba5" id="h_01hc8vp7tpbpfxrc8pam0d7ba5"></a>

Your home currency also determines these fees, the transaction currency and the settlement currency.

**1. Local currency:** The currency based on your account region and location. More details on the list of countries and their local currency can be found [here](/applications/payments/bird-pay-beta/concepts/bird-pay-coverage.md)

**2. Transaction currency:** This is what your customers see, transact and pay in at the checkout (e.g. on Payment Links)

**3. Settlement currency:** This is the currency that will settle into your Bird [wallet](/applications/payments/bird-pay-beta/concepts/wallet.md)

* Where like-for-like is supported, this will be the same as the transacting currency.
* Where like-for-like is *not* supported, the transaction will be converted into your settlement currency.

| **Description**                 | **When does this apply**                                                                                                                                     |
| ------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Foreign currency settlement fee | On non-local currency transactions, with like-for-like settlement                                                                                            |
| Foreign currency conversion fee | On non-local currency transactions, where like-for-like settlement is not supported and requires currency conversion to settle into your settlement currency |

### &#x20;<a href="#h_01hc8vp7tpmahb1h212nm6cxfs" id="h_01hc8vp7tpmahb1h212nm6cxfs"></a>

### **What currencies can I settle like-for-like?** <a href="#h_01hc8vp7tp2pgahvf0sqfk291x" id="h_01hc8vp7tp2pgahvf0sqfk291x"></a>

The available settlement currencies depend on the payment method used.

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For the full list of available settlement currencies, see the list [here](/applications/payments/bird-pay-beta/concepts/bird-pay-coverage.md).

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